Iran Becoming A Gas Hub in Region
Officials at Iran's Oil Ministry during the administration of the late Iranian President Ebrahim Raisi have taken a major step to turn the country into the gas hub in the region after signing a memorandum of understanding between Tehran and Moscow for gas supply from Russia to Iran
Talks Ongoing for Release of Iran’s Blocked Assets in Bahrain
Banking officials from Iran and Bahrain started negotiations regarding the release of the blocked assets of the Central Bank of the Islamic Republic of Iran and other Iranian banks in Bahrain.
Over 500 Wagons Added to Iran Rail Fleet
A total of 558 brand-new and overhauled wagons were added to the rail fleet of Iran.
Iran’s Transit of Goods via Rial Up 89% in Late President Raisi’s Term: Official
Iran’s minister of roads and urban development revealed an 89 percent growth in the transit of goods via rail during the administration of the late President Ebrahim Raisi compared to the previous administration.
Iran’s Generation of Electricity Up 13.5% during President Raisi’s Administration
Statistics indicate that Iran’s generation of electricity during the administration of the late President Ebrahim Raisi registered a 13.5 percent growth, with Iran generating more electricity than industrialized countries like the UK and Italy.
Iran Unveils Digital Currency to Strengthen Payment Infrastructures
Iran unveiled the digital currency “CBDC” in a ceremony on Sunday attended by Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin and some senior CEOs of the country’s banks.
Iran-China Trade Close to $6 Billion in Five-Month Period
China’s Customs Office put the trade exchanges between Iran and China in the first five months of the current year (January to May 2024) at about $6 billion.
Iran’s Economic Growth Rate Higher Than Those of Other Regional Countries: CBI Chief
Iran’s economic growth rate is higher than many countries including neighboring and regional states, according to the latest statistics of the World Bank (WB), the governor of the Central Bank of Iran said.
FDI Hits $11.9 Billion during Iranian President Raisi’s Administration: OIETAI
The Organization for Investment Economic and Technical Assistance of Iran (OIETAI) put the number of foreign investment projects approved since August 2021, when the administration of late President Ebrahim Raisi assumed office, at 713, valued at $11.926 billion.
Iran’s Economic Growth Hits 4.5% in One Year: CBI
Iran’s economic growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024) with/without oil included increased 4.5 percent and 3.6 percent respectively.